REG - Vertu Motors PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">VTU.L</Origin>

Vertu MotorsAnnouncement

19/12/2016 13:55

RNS Number : 2635S
Vertu Motors PLC
19 December 2016
19 December 2016
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR and Director Share Transfers -initial notification
Vertu Motors announces that it was notified on 16 December 2016, of the following gifts of the Company's ordinary shares of 10p each ("Ordinary Shares") by:
 Karen Anderson, Company Secretary, a person discharging managerial responsibility in the Company, to Steve Anderson, her husband, on 16 December 2016; and
 Robert Forrester, Chief Executive Officer, to Helen Forrester, his wife, on 16 December 2016.
Vertu Motors also announces that it was notified on 16 December 2016, of the following dealing in Ordinary Shares ("Dealing") by Colin Kent, Operations Director, who, whilst not a statutory director of the Company, is considered to be a person discharging managerial responsibility in the Company. The Dealing took place on 2 November 2016 for nil consideration and was a transfer to a broker account only, without any impact on beneficial ownership.
PDMR/Director
Beneficial holding of Ordinary Shares prior to the Dealing*
% of issued share capital prior to the Dealing*
Ordinary Shares transferred by PDMR
Resultant Beneficial holding of Ordinary Shares after the Dealing*
Resultant % of issued share capital after the Dealing*
Colin Kent
421,323
0.11
53,583
421,323
0.11
Karen Anderson
756,926
0.19
360,000
756,926
0.19
Robert Forrester
6,925,606
1.74
142,887
6,925,606
1.74
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 397,269,839 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
COLIN KENT
2.
Reason for the notification
TRANSFER OF SHARES
a)
Position/status
OPERATIONS DIRECTOR
b)
Initial notification/Amendment
INITIAL NOTIFICATION
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
VERTU MOTORS PLC
b)
LEI
213800GIKJEIUIGMI575
4.
Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument identification code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
b)
Nature of the transaction
TRANSFER OF LEGAL INTEREST IN ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC TO A BROKER ACCOUNT
c)
Price(s) and volume(s)
Price
Volume(s)
NIL
53,583
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
2 NOVEMBER 2016
f)
Place of transaction
LONDON STOCK EXCHANGE, AIM
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. 
Details of the person discharging managerial responsibilities/person closely associated
a) 
Name
KAREN ANDERSON
2. 
Reason for the notification
TRANSFER OF SHARES
a) 
Position/status
COMPANY SECRETARY
b) 
Initial notification/Amendment
INITIAL NOTIFICATION
3. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) 
Name
VERTU MOTORS PLC
b) 
LEI
213800GIKJEIUIGMI575
4. 
Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted
a) 
Description of the financial instrument, type of instrument identification code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
b) 
Nature of the transaction
GIFT OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC TO A PCA, STEVE ANDERSON
c) 
Price(s) and volume(s)
Price
Volume(s)
NIL
360,000
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
16 DECEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. 
Details of the person discharging managerial responsibilities/person closely associated
a) 
Name
ROBERT FORRESTER
2. 
Reason for the notification
TRANSFER OF SHARES
a) 
Position/status
CHIEF EXECUTIVE OFFICER
b) 
Initial notification/Amendment
INITIAL NOTIFICATION
3. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) 
Name
VERTU MOTORS PLC
b) 
LEI
213800GIKJEIUIGMI575
4. 
Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted
a) 
Description of the financial instrument, type of instrument identification code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
b) 
Nature of the transaction
GIFT OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC TO A PCA, HELEN FORRESTER
c) 
Price(s) and volume(s)
Price
Volume(s)
NIL
142,887
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
16 DECEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Tel: 0191 491 2111
Michael Sherwin, FD
Tel: 0191 491 2114

Liberum 
Peter Tracey
Tel: 020 3100 2000
Richard Crawley 
Jamie Richards
Zeus Capital Limited 
Dominic King 
Tel: 020 7533 7727 
Camarco 
Billy Clegg 
Tel: 020 3757 4983 
Georgia Edmonds
Tom Huddart
Notes to Editors 
Vertu, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 129 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell, South Hereford Garages and Macklin Motors brand names. 
Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive retail operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 126 franchised sales outlets and 3 non-franchised sales operations from 107 locations across the UK.
Vertu Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.southherefordgarages.co.uk / www.vertumercedes-benz.com

This information is provided by RNS
The company news service from the London Stock Exchange
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